we have education trust have reg under 80g, our certificate validity exprired on 1.12.2008 but renewal ceritificate applied late and new certificate date from 1.02.2009 , donation received whin this period time gap of { dec 08 and jan 09 ) is aligiable for dedcution...

Dear All

Can we deduct the amount towards Shortage in Notice pay in calculation of Income tax.

Notice Pay
the Notice period is 1 month but the employee relives in 10 days. Company Dedcuted the 20 days salary as Notice period pay

Hi,
Dear Sir,

please explain me regarding the tds deducted on the Computer Software Addition items. it is part of fixed asset. how tax tax treatment will be for this transaction

pls explain

My co has participated in promotional campaign of Times of India in which prizes were gven in kind to winners.Now as per sec 194B TDS need to be deducted from prizes paid by co.So my company is liable to deduct and deposit TDS.But Times of India is saying that they will collect and deposit TDS from winners.
Is it Okay or allowed?If is okay then what kind of proofs or justification we need to take from TOI so that in future at the time of assessment it can be proved that tds was collected and paid on Goods given free to winner.

Dear sir pls help my office have asked me this clarification I have no other place except my friends in our club –pls help
Clarification on Section 194-C

Problem:

Our customer is supplying us three items and we use these four in our some products and finally manufacture a different product using our own material also. Our customer is selling us the products on payment of excise duty and sales tax/vat (purely a commercial transaction).

When we sell the goods to our customer we also charge the excise duty, sales tax/vat and other levies (as applicable). These are purely a sales transactions and our customer while paying us deduct the amount of material supplied by him.

Clarification sought:

1. The transactions mentioned above are covered under the definition of “Work” or not. If not, How?
2. If covered, what declaration we have to give on the Invoice.
3. How value addition to be calculated? Whether it should be in proportion to Raw Material and BOP content (supplied by Sunbeam) in the Sale Price or some other formula to be devised.
4. Registered as manufacturer under Central Excise Act Sec-2(f). Can be termed as contractor?

Is TDS applicable on networking charges( LAN connection, FWTs Charges)and if wheather 194C or 194J is applicable?

Dear All,
pls give you valuble openion on the following:

Mat is te minimum alternative tac which is calculated on the book profit and deposited.
but if a company does not have any real profit then how it is accounted for.
is it allowed as expences.
i mean to say how it is shown in hte financial statements.

If Indian Citizen made Long Term capital gain out of sale of shares of foreign company.
1.What will be tax implication?
2.Is there any other provision which we needs to comply?

Can someone give me the actual section where can I get this answer.

Whether TDS is applicable in case of making payment to the government company/agency recognised by the govt./or laboratory recognised by ministry of comm. govt.of india, Please explain with section of Income Tax with relevant notification and circular

My client has taken on lease a agricultural land from a land owner. my client is now into agricultural activities in that leased land.will he be exempted from the income on the agricultural activites..

What is the status of income receoved by the actal owner of the land.Will it be exempt?